Corporate Mediation Journal

Article

Business Schools Should Adopt More Conflict Resolution into Their Risk Assessment and Management Curriculum

The “Economic Efficiency through Mediation” (“EEM”) Approach

Authors David S. Weiss
Author's information

David S. Weiss
David Weiss, Esq. is currently a Professor, Visiting Scholar, and Founding Director of the Institute for Dispute Resolution (IDR) at New Jersey City University. He recently was awarded the distinguished James B. Boskey Award, recognised as the highest honor that an individual can achieve in the state of New Jersey in the development and practice of ADR. Professor Weiss is the author of the recent New Jersey ‘International Arbitration, Conciliation and Mediation Act’ to enforce mediation settlement agreements as awards internationally, and has published extensively on the subject of mediation. He is a continued delegate at UNICTRAL at the United Nations for several NGOs working on universal instruments for enforcement of mediation settlement agreements, a current member of the International Mediation Institute (IMI) Finance Committee, co-founder of the first not-for-profit international mediation center in New Jersey (Global Exchange Mediation Center), a certified IMI Mediator, and an attorney admitted to practice in New York, New Jersey, and the District of Columbia.
  • Abstract

      This article proposes mediation models in business school curriculum and for business implementation as part of risk assessment, risk management and conflict mitigation procedures. Through a solution-focused approach, the article sets forth a new methodology known as Economic Efficiency through Mediation (“EEM”) to combat asymmetric information risks and provide early conflict resolution pathways. EEM aims to act as a hedge instrument for commercial stakeholders facing uncertainty, imbalances in analyzing data, making decisions, and conflict challenges to their systems. EEM is a risk mitigation procedure for the business community to adopt and business schools to include in risk assessment and risk management programs. The EEM model will help improve efficiency, functionality and fluidity in the market place.

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